Stock : indoco remedies Pattern : Head and Shoulder Postion : Swing Trade Indoco remedies forming a head and shoulder pattern and breaks a good volume and good for swing position
INDOCO | Channal breakout - Looks potential for 25% CMP : 398 SL : 370 Target : 480 1:3+ risk reward setup P.S : Please read the company name properly its not INDIGO
Stock Analysis - Indoco Remedies. Explained about VCP pattern in Indoco Remedies
Indoco Remedies Ltd falling rally may come to end in upcoming weeks. keep concentrate for breakout where upward or downward. Both targets are mentioned in above chart. Confirm breakout in day open closing above or below the trend line. Its good for swing traders.
NSE:INDOCO TRADE LOGIC LONG SIDE TRADE. | MA CROSSOVER. TRADE DETAILS | On Chart More Details later maybe
The stock appears to have completed correction.........slew of confluences like pitchfork median, 50% fib.level, S1 pivot and AVWAP suggest this....one can start accumulataing the stock for good gains in coming days..
indoco chart analysis for intraday and swing trading
indoco chart analysis for intraday and swing trading
indoco chart analysis for intraday and swing trading
indoco is a very good fundamental company and it is on support levels one could add this stock to their portfolio for a short-term target of 530. NSE:INDOCO NSE:INDOCO
CMP: 397.35, Target: 460, SL: 333 Study: 1. Head and shoulder breakout 2. Daily trend line breakout 3. Daily resistance breakout 4. Massive volume like never seen before
indoco chart analysis for intraday and swing trading
indoco chart analysis for intraday and swing trading
now near trendlline sup,expecting 530 trgt positional cmp 483
NSE:INDOCO it is on the moving average 44 and also showing W pattern both are indicates bullishness
This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
I see repeat pattern of INDOCO remedies bouncing from 50 DMA which is offering good risk to reward Buy around CMP 451 with SL @ 430 daily closing basis This is swing trade, no need to hold position for atleast 2 weeks Do your own analysis before investing
Chart Structure: - Broken out All-Time High (of 2015), pulled back, consolidated a bit, and now ready to go up. - Price in an uptrend since July 2020. Volume: - High volume deliveries this week. Up to 12.41 lac shares were delivered yesterday, whereas average deliveries are 1.23 lacs. - Yesterday saw the highest delivery of shares in recent times. Relative...